Seems like an appeal to the Gen Xers that want to see him destroyed
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When you get banned from the traditional finance system, Bitcoin will still be there.
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Please ignore Paul Sztork. He is betting his company and reputation on lightning not working in order to fool people into his soft fork proposal.
He is wrong. His site cherry picks areas for improvement and technical challenges as failures of lightning. It's him that is limited.
I'm not conceding that, only declining to debate. It's not a good use of my time.
"It is difficult to get a man to understand something, when his salary depends on his not understanding it."
Feel free to do your own research to prove or refute the conclusions he's making it implying on his bias blog.
Strong adoption for crypto-forward enterprises, but transaction volumes are generally private.
Max flow metric for payment performance is improving with the Bitcoin price increase
Blockchains simply will not scale to serve global commerce.
You have to use a payment channel system to enable limitless transactional throughout.
That's what Lightning Network does.
https://i.nostr.build/TNm5g7rD6FVlknpQ.jpg
#lightningnetwork
Don't worry, the assumptions you seem to be making aren't true.
The original Bitcoin white paper doesn't talk about scalability and much of Satoshi's work was to be able to have replaceable transactions to improve scalability.
Lightning is decentralized tech with thousands of active nodes, which has grown since inception.
Lightning transactions are just as censorship resistant as layer 1 transactions, if not moreso.
Please ignore Paul Sztork. He is betting his company and reputation on lightning not working in order to fool people into his soft fork proposal.
He is wrong. His site cherry picks areas for improvement and technical challenges as failures of lightning. It's him that is limited.
This still has to get through congress, so it will get scrutinized from every direction. If political opponents see that it doesn't have provisions against money laundering & terrorism, the bill won't pass and no progress will be made.
Of course I don't love it, but I'm also a realist.
1. He's hilarious..."The US dollar is the fastest horse in the glue factory" "Charlie Munger--don't buy the green bananas".
2. He's a huge character.
3. He understands debt markets and developed a new framework for valuing Bitcoin using credit risk and rush of sovereign default.
4. He's funded a ton of education resources.
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